1100 per cent dividend announced: do you have this stock in your portfolio?
The shares of the company grew by more than 45 per cent in the last one year.
Larsen and Toubro Limited announced its quarterly and annual results for the year ended March 31, 2023. The revenue of the company for Q4FY23, stood at Rs 58,335.15 crore which grew by 10.38 per cent YoY. The operating profit of the company stood at Rs 9095.15, growing 7.33 per cent YoY while the PAT of the company grew by 10.98 per cent YoY staying at Rs 4446.74 crore.
The board of the company recommended a final dividend of Rs 22.00 per equity share with a face value of Rs 2.00 each, for the financial year ended March 31, 2023. The company has fixed 2nd August 2023, as the record date for the final dividend.
On 2nd June 2023, the company informed in the exchange filing that the company’s power transmission & distribution business has bagged a USD 2.77 Billion contract to build Renewable Energy Infrastructure.
Larsen & Toubro (L&T) is a major technology, engineering, construction, manufacturing, and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries, and Defence - for customers in many countries around the world.
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On Thursday, the stock opened at Rs 2,316.00, with a high and low of Rs 2,345.25 and Rs 2,311.90, respectively. The stock closed trading at Rs 2,340.60, up by 1.09 per cent. The stock has a 52-week high of Rs 2,416.00 and a 52-week low of Rs 1,456.80.